"Elizabeth Warren proposes clawing back executive bonuses to prevent bank collapses"

Democratic Senator Elizabeth Warren has introduced a bill to repeal Trump-era bank deregulations that she says led to the collapse of Silicon Valley Bank and the closure of Signature Bank. The bill would lower the asset threshold for enhanced prudential measures back to its original $50 billion level. Warren drew a straight line from the 2018 deregulation effort to the 2023 failure of SVB and Signature. The weakened rules permitted banks to load up on risks, run up their profits, pay their executives giant bonuses, and eventually blow the banks to pieces.